SSGA adds seven ETFs to low-cost ‘SPDR Portfolio’ suite

Sep 20th, 2019 | By | Category: ETF and Index News

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State Street Global Advisors (SSGA) has rebranded seven ETFs and reassigned them to its ‘SPDR Portfolio’ suite of ultra-low-cost ETFs.

Noel Archard, global head of product for State Street ETFs.

Noel Archard, Global Head of SPDR Product for State Street Global Advisors.

To merit the adoption of the SPDR Portfolio moniker, SSGA has reduced the expense ratios of three of the seven ETFs.

SSGA unveiled the suite in 2017 with the reorganization of 15 of the firm’s existing ETFs.

The suite provides very inexpensive access to a range of equity and fixed income exposures and is designed to assist investors in the construction of a core portfolio strategy

Since its launch, it has attracted $34.4 billion in new assets.

The seven new additions to the suite include two equity ETFs and five fixed income ETFs, collectively representing $4.4bn in assets under management.

The equity ETFs comprise a broad all-country world fund and a broad European developed market fund.

The five fixed income ETFs provide exposure to mortgage-backed securities, high yield bonds, Treasury Inflation-Protected Securities, corporate bonds and intermediate-term Treasuries.

The funds and their expense ratios are as follows

SPDR Portfolio MSCI Global Stock Market ETF (SPGM US) Expense ratio 0.09% (reduced from 0.25%).
SPDR Portfolio Europe ETF (SPEU US) 0.09% (reduced from 0.29%)
SPDR Portfolio Mortgage Backed Bond ETF (SPMB US) 0.06%
SPDR Portfolio High Yield Bond ETF (SPHY US)
 0.15%
SPDR Portfolio TIPS ETF (SPIP US)
 0.12% (reduced from 0.15%)
SPDR Portfolio Corporate Bond ETF (SPBO US) 0.06%
SPDR Portfolio Intermediate Term Treasury ETF (SPTI US) 0.06%

Noel Archard, Global Head of SPDR Product at State Street Global Advisors, commented, “The SPDR Portfolio suite was initially launched to give investors greater choice in low-cost ETFs. With today’s additions to the line-up, we’re offering investors more fixed income and international equity ETF options to help investors refine their asset allocations.

Matthew Bartolini, Head of SPDR Americas Research at State Street Global Advisors, added, “The fixed income additions nearly double the number of bond ETFs available through the SPDR Portfolio suite, providing investors with a broader range of tools for navigating the current credit cycle, generating income and diversifying portfolios. Adding existing funds with established trading volume to the SPDR Portfolio suite ensures investors don’t have to sacrifice liquidity for low expense ratios.”

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